Manning Napier Correlations

Mutual Funds . USA . 
Fund . Manning Napier Pro Blend
MNCWX Fund  USD 13.41  0.01  0.07%   
The current 90-days correlation between Manning Napier Pro and Manning Napier Callodine is -0.16 (i.e., Good diversification). The correlation of Manning Napier is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Manning Napier Correlation With Market

Significant diversification

The correlation between Manning Napier Pro Blend and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manning Napier Pro Blend and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manning Napier Pro Blend. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Manning Mutual Fund

  0.92CEIIX Manning Napier CallodinePairCorr
  0.92CEIZX Manning Napier CallodinePairCorr
  0.92CEISX Manning Napier CallodinePairCorr
  0.95MNBAX Pro Blend ExtendedPairCorr
  0.95MNBIX Pro Blend ExtendedPairCorr
  0.91MNCPX Unconstrained Bond SeriesPairCorr
  0.95MNCRX Pro Blend ServativePairCorr
  0.94MNDFX Disciplined Value SeriesPairCorr
  0.95MNBRX Pro-blend(r) ExtendedPairCorr
  0.95MNBWX Manning Napier ProPairCorr
  0.95MNCCX Pro Blend ServativePairCorr
  0.96MNCIX Pro-blend(r) ConservativePairCorr
  0.97MNDWX Manning Napier DiverPairCorr
  0.95MNECX Pro Blend ExtendedPairCorr
  0.95MNHCX Pro-blend(r) MaximumPairCorr
  0.95MNHAX High Yield BondPairCorr
  0.94MNHIX Pro Blend MaximumPairCorr
  0.94MNHRX Pro-blend(r) MaximumPairCorr
  0.95MNHWX Manning Napier ProPairCorr
  0.95MNHYX High Yield BondPairCorr
  0.97MNMIX Pro-blend(r) ModeratePairCorr
  0.96MNMRX Pro-blend(r) ModeratePairCorr
  0.96MNMWX Manning Napier ProPairCorr
  0.89MNOSX Manning Napier OverseasPairCorr
  0.78MNOWX Manning Napier OverseasPairCorr
  0.89MNOZX Manning Napier OverseasPairCorr
  0.96RAIIX Rainier InternationalPairCorr
  0.96RAIRX Rainier InternationalPairCorr
  0.96RAIWX Manning Napier RainierPairCorr
  0.89MCDIX Manning Napier CreditPairCorr
  0.68MCBWX Manning Napier CorePairCorr
  0.87MCDWX Manning Napier CreditPairCorr
  0.91MUBWX Manning Napier UnconPairCorr
  0.94MDFSX Disciplined Value SeriesPairCorr
  0.94MDVZX Manning Napier DisciPairCorr
  0.97EXBAX Pro-blend(r) ModeratePairCorr
  0.87EXCPX Unconstrained Bond SeriesPairCorr
  0.77EXCIX Core Bond SeriesPairCorr
  0.95EXDAX Pro-blend(r) ConservativePairCorr
  0.65EXCRX Core Bond SeriesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Manning Mutual Fund performing well and Manning Napier Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Manning Napier's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CEIIX  0.87  0.23  0.08 (1.44) 0.75 
(1.06)
 2.25 
(1.50)
 6.09 
CEIZX  0.88  0.23  0.08 (1.41) 0.75 
(1.07)
 2.42 
(1.50)
 5.94 
CEISX  0.86  0.23  0.08 (1.41) 0.76 
(1.05)
 2.43 
(1.51)
 5.96 
MNBAX  0.40  0.03 (0.05) 0.19  0.31 
(0.46)
 1.18 
(0.69)
 2.61 
MNBIX  0.39  0.03 (0.05) 0.20  0.30 
(0.45)
 1.18 
(0.69)
 2.57 
MNCPX  0.11  0.02 (0.62) 7.28  0.00 
(0.17)
 0.21 
(0.20)
 0.72 
MNCRX  0.20  0.02 (0.27) 0.22  0.00 
(0.26)
 0.45 
(0.45)
 1.53 
MNCWX  0.21  0.06 (0.24) 10.66  0.00 
(0.28)
 0.55 
(0.38)
 1.45 
MNDFX  0.64  0.03  0.01  0.18  0.59 
(0.77)
 1.67 
(1.05)
 4.75 
MNBRX  0.39  0.03 (0.06) 0.19  0.31 
(0.44)
 1.18 
(0.69)
 2.57 

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